A loan of $1,825 helped to buy the equipment to start a car wash.

Dimitri's story

Dimitri is 44 years old, and lives in the Mtskheta district with his wife and two children (16 and 20). His wife works as a nurse at the hospital, and Dimitri is a worker with a private company that builds bridges. The family is also involved in poultry farming, and owns 15 hens.

He has decided to start a new business to supplement his income, but he lacks experience with new business start-ups and does not qualify under income requirements.

Dimitri is requesting a loan under the framework of a new joint initiative between Kiva and Credo. This loan program envisions providing start-up and re-startup credits with soft conditions to the rural poor, who do not have access to many credit products, as they are regarded as “high risk borrowers” because of low income.

Dimitri will use his loan to start a car wash. He will purchase essential equipment, and a vacuum cleaner.

Dimitri will provide services to his local community members, and hopes to increase the monthly income of the family. His new business initiative will significantly improve the living conditions of his family.

Loan details

Lenders and lending teams

Loan details